Yemen’s Central Bank Sub-governor Sacked for Corruption, Misconduct

Khaled Mohammed Abed Arrahman Abadi has been appointed as successor to Nahari. (File photo)

Yemen’s Central Bank Sub-Governor Ibrahim al-Nahari was officially relieved of his duties on Friday, reported a government news agency.

Nahari’s dismissal was not solely relevant to the transfer of the Central Bank from militia-run Sana’a to Aden, but also reportedly was due to misconduct.

Just months after the September 21, 2014 coup, Iran-aligned Houthi militias had stormed the Central Bank of Yemen along with other government institutions, in order to establish as much institutional control of Yemen as possible.

Internationally-recognized President Abd Rabbuh Mansour Hadi was later forced to relocate the national capital to Aden.

The Central Bank’s new Governor Monasser al-Quaiti says that Nahari had been found guilty of forging reports and misleading facts to national financial institutes based in the U.S.

Nahari had also accompanied the first-ever Houthi delegation visiting Tehran after the coup backed by former president Ali Abdullah Saleh loyalists had forcibly taken over swathes of Yemen.

Nahari’s visit was unauthorized and was considered biased for an official who should always prioritize neutrality as opposed to siding with a warring party.

A presidential order was issued on Friday arranging for the appointment of Khaled Mohammed Abed Arrahman Abadi as a successor to Nahari, who would carry out all foreign callings and liabilities for the national central bank.

Nahari’s lay off will further aid in mitigating the level of corruption inflicted by putschists against Yemen’s economic backbone.

Not only that but the measure taken is only one in a package of rearrangements ordered by the government as of late September, that would facilitate the safeguarding of the nation’s financial transactions and economic independence of the civil war. Relocating the Central Bank is another example of measures taken.

Nahari currently is based in the U.S. and is functioning as the bank’s foreign affairs sub-governor without any authorization. The U.S. government, however, had been notified of his official renunciation.